Curtis Banks Group, one of the UK’s biggest SIPP providers, has announced an 85% increase in pre-tax operating profits to £5m and a 98% increase in operating revenue to £21.4m for the first half of the year.
Fast growing Sipp and SSAS provider Curtis Banks is considering axing its Market Harborough office, acquired when the firm bought Pointon York's Sipp business.
Curtis Banks Group achieved an operating profit of £1.631million and administered 67,161 Sipps in the six months to the end of June.
Curtis Banks has continued its Sipp acquisition trail by acquiring 5,000 Sipps - with assets under administration of approximately £630m - from the administrators of European Pensions Management.
Sipp provider Curtis Banks Group has completed its acquisition of Suffolk Life Group and its subsidiaries, it was announced this morning.
Curtis Banks’ £45 million deal to take over Suffolk Life earlier this year doubled the size of the firm.
A co-founder of a leading Sipps firm says the FCA is looking to the sector to become smaller but formed of well-run, financially strong operators.
A Sipp provider has announced details of a maiden dividend to shareholders this morning.
Rupert Curtis, the chief executive of Curtis Banks, says Suffolk Life was the perfect match for his firm after the £45m deal to acquire it from Legal & General was revealed.
Legal & General Group has sold off its Sipp provider Suffolk Life to rival firm Curtis Banks for £45 million in a move that will double the size of Curtis Banks.
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